Category: Economics

Creditor of deadbeats = deadbeat debtor: Part 2, Your creditors can’t handle the truth

6 March, 2015 (10:02) | Economics, Eurozone, Finance, Global news, Government, Greece, Grexit, Recapitalization, Sovereign bankruptcy, Speculation, Taxation, Theory | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith Yesterday’s Part 1 reporting on the continuing psychodrama that is Greek insolvency established that Greece’s inability to pay its sovereign debt stems, at least in large part, from its inability to collect taxes Greek laws say its citizens owe. Nor does the Eurozone’s glib formulation – […]

Creditor of deadbeats = deadbeat debtor: Part 1, Bad debt and bad paper

5 March, 2015 (10:00) | Economics, Eurozone, Finance, Global news, Government, Greece, Grexit, Recapitalization, Sovereign bankruptcy, Speculation, Taxation, Theory | No comments

By: David A. Smith No sooner had I written People value a government they pay taxes for than confirmation of the thesis was forthcoming, in the form of facts, new to me (which is definitely my oversight), that make Greece’s prospects in the Eurozone even worse than I had previously thought. We’re readying the tax-evasion […]

People value a government they pay taxes for: Part 2, The implications

4 March, 2015 (10:00) | Economics, Government, Housing, Lucy Martin, Political theory, Real estate taxes, Speculation, Sub-Saharan Africa, Taxation, Uganda | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith In yesterday’s Part 1, we explored a fascinating bit of doctoral research conducted by Lucy Martin designed to test whether people’s sense of unfairness, and willing to act on that unfairness, would change depending on whether the money in question had been received as a grant […]

People value a government they pay taxes for: Part 1, The experiment

3 March, 2015 (10:00) | Economics, Government, Housing, Lucy Martin, Political theory, Real estate taxes, Speculation, Sub-Saharan Africa, Taxation, Uganda | No comments

By: David A. Smith Given that People value only what they pay for is indeed a universal rule, it will have subcases – and one such subcase, striking in its own right and with major implications for the way donors deals with country governments, was highlighted in a recent article in The Economist (February 7, […]

Buying optionality, or Is there life after death?

22 December, 2014 (09:00) | Atlantic City, Carl Icahn, Casinos, Cities, Development, Donald Trump, Economics, ED4ED, Eminent domain, Fair market value, Gambling, Homeownership, Housing, Land use, Markets, Urban renewal, Urbanization, US News, Vera Coking |

By: David A. Smith Backing up the claim? Vera Coking’s boarding house, pre-demolition A few months ago, in August, I wrote at length (You have the right to remain: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6 and Part 7) about the end of Vera Coking’s ownership of her decaying and […]